Public spending on education in the UK to fall at fastest rate since at least 1950s

<p>As with most areas of government spending, education spending is set to shrink in real terms over the Spending Review period. In new figures released today, IFS researchers estimate that total public spending on education in the UK will fall by over 13% in real terms between 2010-11 and 2014-15. This represents the largest cut in education spending over any four-year period since at least the 1950s. The cuts will be deepest for capital spending and higher education, followed by 16-19 education and early years provision. Schools spending is relatively protected, and schools with the most deprived intakes are likely to see real-terms increases in funding. However, the majority of schools will see real-terms cuts.</p>